The gold price at these levels still helps the rand immensely. It's still pretty good going for the rand.
More Quotes from Ion Vleeschauwer:
Lately, the rand has been at the mercy of metal prices and yesterday, and today, were prime examples of that. Gold will determine the direction for a while.Ion Vleeschauwer
The gold price is still up there and platinum is still trading above 1,000. That still points to a stronger rand. We could see a sharp weakening in the rand if the commodity prices lose steam.
Ion Vleeschauwer
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